Wall Street Zen Upgrades 3D Systems (NYSE:DDD) to Hold

Key Points

• 3D Systems has been upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen, while four other analysts have also rated the stock as a hold.
• The stock is currently priced at $2.05, with a one-year low of $1.32 and a high of $5.00, indicating volatility in its market performance.
• Institutional investors hold 64.49% of 3D Systems' shares, with significant increases in holdings reported by CWM LLC and NewEdge Advisors LLC during the first quarter.

3D Systems (NYSE:DDD - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

DDD has been the subject of several other research reports. Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a research note on Thursday, August 14th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $3.67.

3D Systems Trading Down 0.3%

Shares of NYSE:DDD traded down $0.0050 during mid-day trading on Friday, hitting $1.9650. The company had a trading volume of 2,874,335 shares, compared to its average volume of 4,255,289. The firm has a fifty day moving average price of $1.74 and a 200 day moving average price of $2.27. The company has a market capitalization of $252.01 million, a PE ratio of -1.50 and a beta of 1.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.82. 3D Systems has a one year low of $1.32 and a one year high of $4.9991.

Institutional Trading of 3D Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC increased its stake in 3D Systems by 703.1% during the 1st quarter. CWM LLC now owns 12,352 shares of the 3D printing company's stock valued at $26,000 after purchasing an additional 10,814 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of 3D Systems by 74.8% in the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company's stock worth $28,000 after acquiring an additional 7,887 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of 3D Systems by 5,139.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company's stock worth $28,000 after acquiring an additional 12,900 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of 3D Systems in the 1st quarter worth $29,000. Finally, State of Wyoming bought a new stake in shares of 3D Systems in the 1st quarter worth $34,000. Institutional investors own 64.49% of the company's stock.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.